Capital Matrix Inc
- Assets
- $3.3m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 12
- Location
- Boise, ID
- Founding
- 08/2003
- Data as of
- 09/2022
- EIN
- 82-0383661
Organization Overview
Capital Matrix Inc, operating under the name Capital Matrix, is located in Boise, ID. The organization was established in 2003. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2022, Capital Matrix employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capital Matrix is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 09/2022, Capital Matrix generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $1.5m during the year ending 09/2022. While expenses have increased by 9.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Capital Matrix has awarded 14 individual grants totaling $324,100. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FURTHER ECONOMIC DEVELOPMENT BY PROMOTING AND ASSISTING THE GROWTH AND DEVELOPMENT OF BUSINESS IN IDAHO, EASTERN OREGON, MONTANA, AND EASTERN WASHINGTON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FURTHERED ECONOMIC DEVELOPMENT IN IDAHO, EASTERN OREGON, MONTANA, AND EASTERN WASHINGTON BY ADVOCATING FOR BUSINESSES AND PARTNERING WITH PRIVATE SECTOR LENDERS TO PROVIDE BUSINESSES WITH ACCESS TO LONG-TERM CAPITAL FOR REAL ESTATE AND EQUIPMENT TO EXPAND THEIR BUSINESSES, PRINCIPALLY SMALL BUSINESS, UNDER PROVISIONS OF SECTION 504 OF THE SMALL BUSINESS INVESTMENT ACT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Munroe President | Officer | 40 | $214,167 |
Paulette Hudson Vice President | Officer | 40 | $149,250 |
Bill Dempsey Treasurer | OfficerTrustee | 3 | $0 |
Karyn Mckinney Chairman | OfficerTrustee | 2 | $0 |
Cassie Fontaine Director | Trustee | 1 | $0 |
Kristin Bjorkman Dunn Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,704,193 |
| Investment income | $2,804 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,706,997 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $424,421 |
| Compensation of current officers, directors, key employees. | $61,004 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $527,592 |
| Pension plan accruals and contributions | $33,660 |
| Other employee benefits | $72,873 |
| Payroll taxes | $67,569 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,150 |
| Fees for services: Accounting | $19,548 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,010 |
| Office expenses | $38,316 |
| Information technology | $30,111 |
| Royalties | $0 |
| Occupancy | $87,867 |
| Travel | $23,216 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,142 |
| Interest | $17,796 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,764 |
| Insurance | $12,824 |
| All other expenses | $0 |
| Total functional expenses | $1,450,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,196,101 |
| Savings and temporary cash investments | $982,455 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $23,857 |
| Net Land, buildings, and equipment | $1,044,313 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $56,157 |
| Total assets | $3,302,883 |
| Accounts payable and accrued expenses | $157,588 |
| Grants payable | $0 |
| Deferred revenue | $476,908 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $529,985 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $209,308 |
| Total liabilities | $1,373,789 |
| Net assets without donor restrictions | $1,929,094 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,302,883 |
Grants Awarded
Over the last fiscal year, Capital Matrix Inc has awarded $80,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MONTANA FUND AT MOFI PURPOSE: Loan fund for Montana businesses | $50,000 |
IDAHO WOMENS BUSINESS CENTER PURPOSE: General operations | $20,000 |
MONTANA WOMENS BUSINESS CTR PURPOSE: General operations | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Visit Salt Lake Salt Lake City, UT | $7,092,794 | $14,927,768 |
Spokane Area Workforce Development Council Spokane, WA | $1,735,015 | $9,993,306 |
South Central Workforce Development Council Union Gap, WA | $4,276,195 | $7,715,275 |
Bend Visitor & Convention Bureau Bend, OR | $2,809,916 | $4,392,853 |
Visit Spokane Spokane, WA | $4,256,594 | $5,130,887 |
Glacier Country Regional Tourism Commission Inc Missoula, MT | $1,843,193 | $3,815,172 |
Angels For Angels Seattle, WA | $2,495,465 | $5,448,539 |
Columbia Pacific Economic Development District Of Oregon St Helens, OR | $1,194,782 | $2,960,651 |
Eastern Oregon Workforce Investment Board La Grande, OR | $2,038,601 | $2,624,677 |
Greater Seattle Partners Seattle, WA | $2,408,899 | $964,300 |
Southern Oregon Regional Economic Development Inc Medford, OR | $6,059,782 | $2,561,963 |
Lake County Community Development Corporation Ronan, MT | $8,061,823 | $2,376,944 |